Study: Seniors big target for scammers - FOX 35 News Orlando

FOX 5 I-Team investigates

Study: Seniors big target for scammers

Posted: Updated:
ATLANTA -

Local senior care experts warn that the elderly population has become a big target for scammers. With the growing number of elderly, and more sophisticated scammers, the combination can be a recipe for disaster.

According to a Met Life study, elder financial abuse racked up a $2.9 billion cost. The study also says that cost is increasing.

First, Medicaid and Medicare scams have the highest average loss per consumer -- $38,000. So, make sure you're not being doubled billed. And be sure that no one else is using your patient number and billing to you.

Second, there is medication fraud.  If you're paying for a brand name prescription, make sure you're not getting the generic brand.

Third, general financial exploitation can take many forms. The elderly get lonely, and this is where a good con man steps in. The con man befriends them, and then takes over their accounts, or maybe a will. He may convince an elderly person into paying much more for a service than they need to be paying.

So, what can you do?

If you're not around, make sure your elderly parents or relatives have someone around they can trust. Always double check their finances to make sure money is being spent the way it is supposed be.

For a links on the issue, and more tips, visit Dana Fowle's FOX 5 Facebook page.

  • I-Team Story ArchiveMore>>

  • RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    Thursday, April 24 2014 1:43 PM EDT2014-04-24 17:43:54 GMT
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
  • Identity Protection Bill Signed into Law

    Identity Protection Bill Signed into Law

    Thursday, April 24 2014 11:28 AM EDT2014-04-24 15:28:15 GMT
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
  • Fox 5 I-Team

    Cheap vs. Frugal

    Cheap vs. Frugal

    Wednesday, April 23 2014 9:15 AM EDT2014-04-23 13:15:25 GMT
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Hidden Treasures: April 24

    Hidden Treasures: April 24

    Thursday, April 24 2014 9:32 AM EDT2014-04-24 13:32:15 GMT
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
  • Weekend Event Celebrates "Anything With A Motor In It"

    Weekend Event Celebrates "Anything With A Motor In It"

    Thursday, April 24 2014 9:10 AM EDT2014-04-24 13:10:13 GMT
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
  • Safely restrain pets with the PupSaver

    Safely restrain pets with the PupSaver

    Thursday, April 24 2014 8:07 AM EDT2014-04-24 12:07:29 GMT
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices